May
22
2013
Guest Post – To CGA or Not CGA, That is the Question
A posting by Bob Cohen, Tamar Fink Agency In the current and projected environment of rapidly improving healthcare, many nonprofits are viewing certain Charitable Gift Annuities as a liability rather than as an opportunity. The legal and contractual obligation pay a fixed rate / sum of money to a donor over his / her / their lifetime, has understandably made many organizations (and their boards), extremely nervous. In many cases, the very gifting technique that has been around for decades and has helped build many nonprofit organizations, is now threatening those same organizations based on a commitment made prior to…